The Ukraine Facility programme provided the largest amount of external financing to the state budget of Ukraine in 2024. According to the Ministry of Finance, the total amount of funds provided by the European Union was EUR 16.2 billion (or USD 17.3 billion).

This was made possible thanks to the bridge and unconditional financing provided in the programme for 2024. An important role was also played by the successful implementation of the measures set out in the Ukraine Plan during the second and third quarters of last year.

“Thanks to international support, we managed to raise funds to finance the country’s social and humanitarian needs, and allocate all domestic financial resources to the security and defence sector. We are grateful to our European partners for their support and financial assistance under the Ukraine Facility programme. I would also like to express my special gratitude to the government officials, MPs, central executive authorities – all those who work daily to implement the Ukraine Plan,” said First Deputy Minister of Economy Oleksii Sobolev.

The funds attracted to the budget under the Ukraine Facility accounted for more than 40% of all external financing in 2024. In total, Ukraine received assistance from eleven partners in the amount of more than USD 41 billion, namely:

• The European Union – USD 17.3 billion (14.1 billion in concessional financing and 3.2 billion in grants) – Ukraine Facility;
• The United States of America – USD 8.3 billion (grants);
• International Monetary Fund – USD 5.3 billion (concessional financing);
• Japan – USD 4.3 billion (concessional financing, grants, guarantee);
• World Bank – USD 3.2 billion (concessional financing);
• Canada – USD 1.8 billion (concessional financing);
• United Kingdom – USD 1 billion (guarantee);
• Norway – USD 306 million (grants);
• Republic of Korea – USD 100 million (concessional financing);
• Council of Europe Development Bank – USD 11 million (concessional financing);
• Spain – USD 3 million (guarantee).

As a reminder, the Ministry of Economy, designated as the National Coordinator of the Ukraine Plan under the Ukraine Facility, continues to monitor the implementation of the Plan and prepare quarterly reports for the European Commission.

Currently, the Ministry of Economy is preparing to report to the European Commission on the implementation of the measures of the fourth quarter of 2024 of the Ukraine Plan. The submission is scheduled for the first half of January.